Word of the day

Anonə-NAHNPart of speech: adverbOrigin: Old English, pre-12th century
Examples of Anon in a sentence “Don’t worry — I’ll see you anon.” “I’ll explain everything anon.”

seth godin newsletter

Famous colleges

Parents can do their kids a favor if, from an early age, they hear them say “famous college” instead of “good college.”

Because there’s very little data that shows that colleges with big football programs or lots of Nobel prize winners are actually good at doing what a college should do for an undergraduate.

If you want to spend the time and the money and the debt to go to a famous college, that’s your choice.

But don’t be confused into believing that a famous one is a good one.

And in this back-to-school moment, it’s smart to not only consider a gap year filled with intention as a way to engage with the world, but to think about what we’re actually buying when we buy a degree from a famous college.

Education and learning continue to diverge. In-person, real-time learning is too expensive, too scarce and rarely as effective as it could be, and we’re discovering that a commitment to life-long learning is more important than a four-year sabbatical that costs too much and delivers too little. And good colleges are in a position to do something about this, while the ones that are merely famous will fight hard to maintain their status quo.

Scarcity isn’t always needed to create value.

The pandemic has created a significant shift in perception, and the repercussions are going to be felt by colleges for years to come–many of them are going to be refactored, restructured or disappear.

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“We rich nations, for that is what we are, have an obligation not only to the poor nations, but to all the grandchildren of the world, rich and poor. We have not inherited this earth from our parents to do with it what we will. We have borrowed it from our children and we must be careful to use it in their interests as well as our own.”— Moss Cass

Anti-Corruption Daily Newsletter for 08/31/2020

The new home of the FCPA Newswire edited by Mike Kenealy
Anti Corruption Digest is the most comprehensive source for global risk & compliance related news, insights, and best practices.Readers are welcome to research the Anti Corruption Digest’s curated database of over fifteen thousand risk and compliance related articles, offer comments on any article as well as submit material for publication.
 Below are some recent stories from the Anti-Corruption Digest
 Should Whistleblower Reward Laws be Capped?By Anti-Corruption Digest on Aug 31, 2020 11:13 am
In 2018, the US Securities and Exchange Commission proposed new rules to its Dodd-Frank Act whistleblower program that could limit the amount of awards paid to whistleblowers in large cases. After two years of consideration, the SEC is posed to finalize its rule on capping the amount of whistleblower rewards. A final vote on the proposed whistleblower rule has been set for September 2nd.
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Moderna’s Covid-19 vaccine patents under probe by US Defence DepartmentBy Anti-Corruption Digest on Aug 31, 2020 11:10 am
WASHINGTON (BLOOMBERG) – Moderna’s patents that were filed or awarded are being probed by the US Department of Defence’s research arm, the Financial Times reported, saying the company failed to disclose government funding as required by federal law.
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Haryana government is synonymous with corruption, unemployment and crimeBy Anti-Corruption Digest on Aug 31, 2020 11:07 am
Slamming the ruling BJP-JJP coalition government in Haryana, leader of opposition Bhupinder Singh Hooda on Sunday called it “synonymous with corruption, unemployment and crime”.
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Former Eskom manager France Hlakudi in Pretoria Regional Court for tax fraud of R30mBy Anti-Corruption Digest on Aug 31, 2020 10:58 am
Pretoria – Former Eskom senior manager France Hlakudi yesterday appeared in the Pretoria Regional Court on charges involving personal tax fraud totalling R30 million.
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Mexico’s president shows how not to handle a scandal By Anti-Corruption Digest on Aug 31, 2020 10:30 am
The allegations are unproven but stunning. In a 63-page deposition, disclosed on August 19th, Emilio Lozoya, once head of Pemex, Mexico’s state oil firm, accuses 17 prominent Mexicans of corruption. According to Mr Lozoya, Enrique Peña Nieto, president in 2012-18, benefited from the payment o
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Covid 19 Fuelling Illicit Trade, Financial Flows GloballyBy Anti-Corruption Digest on Aug 31, 2020 10:28 am
The world is coming to terms with the economic strife causde by the COVID-19 pandemic. However, taking advantage of this turmoil are crooks who, according to the World Economic Forum, will whisk off over $2.2 trillion, equivalent of 3% of the global GDP, which will be lost due to illicit trade and financial flows.
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‘Hackers for hire’ scare UK cyber‑chiefBy Anti-Corruption Digest on Aug 31, 2020 10:18 am
Britain’s cyber-chief has warned about the growing threat from “hackers for hire” and rogue states such as Russia that are weaponising computer viruses to steal academic research and government secrets.
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Bureau Veritas advises UK businesses to prioritise ethics amid furore over modern slavery violations By Anti-Corruption Digest on Aug 31, 2020 10:16 am
Amid new furore surrounding modern slavery breaches happening in the UK, Bureau Veritas has asserted that it has never been more important for UK businesses to ensure they implement ethical practices throughout their entire supply chain.
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UK Regulation of Consumer IOT SecurityBy Anti-Corruption Digest on Aug 31, 2020 10:14 am
The U.K. government recently launched a consultation process for regulating consumer Internet of Things (IOT) security. This could have significant implications for U.S. manufacturers, given that the U.K. will remain a key sales market following Brexit.
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UK’s financial regulator expands AML regulations to all cryptocurrency firms By Anti-Corruption Digest on Aug 31, 2020 10:12 am
According to the consultation paper published by the UK’s financial regulator, cryptocurrency firms need to submit an annual report on their problem dealing method.
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Auditors scrutinizing EU support to fight grand corruption in #Ukraine By Anti-Corruption Digest on Aug 31, 2020 10:11 am
Ukraine has been part of the European Neighbourhood Policy since 2003 and finally signed an association agreement six years ago following the Maidan revolution. Overall, the European Commission has committed about €15 billion since 2014, making it the largest donor to Ukraine. The EU’s main objective is to support the country’s reform agenda on the path towards economic integration and closer political association. The fight against corruption is a key element in achieving these things.
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FBI arrests Russian ‘tourist’ in Tesla malware extortion scheme By Anti-Corruption Digest on Aug 31, 2020 10:10 am
The FBI has arrested a Russian tourist in America, who investigators say offered a Tesla employee $1 million to infect company computers with malware in a scheme to steal data and extort payment from the company.
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UAE and Israel discuss cooperation in food and water securityBy Anti-Corruption Digest on Aug 31, 2020 09:57 am
DUBAI: A UAE minister of state and Israel’s agriculture minister discussed food and water security cooperation on Friday in a phone call, an Emirati statement said on Sunday.
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Mauritania: is it fighting corruption or is there a soft coup? By Anti-Corruption Digest on Aug 31, 2020 09:55 am
Mauritanian President Mohamed Ould Cheikh Ghazouani has just completed his first year in power by launching a campaign to fight corruption and protect public funds. As part of this campaign, cases from the decade-long rule of former President Mohamed Ould Abdel Aziz were opened. The first success of the campaign was the resignation of Ismail Ould Cheikh Sidiya’s government, less than a year after its formation, following a report by the Parliamentary Investigative Commission which suggested that ministers in the government were involved in corruption. President Ghazouani proposed the formation of the committee at the beginning of this year.
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Saudi governors, commanders fired over corruption at tourism projectsBy Anti-Corruption Digest on Aug 31, 2020 09:53 am
JEDDAH: Senior Saudi security commanders are among a number of officials who have been sacked over corruption at tourism projects, the Saudi Press Agency (SPA) reported on Friday.
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Tens of thousands of anti-Netanyahu protesters hit Israel streets By Anti-Corruption Digest on Aug 31, 2020 09:52 am
Thousands of Israelis demonstrated in Jerusalem in a continuation of months-long weekend rallies demanding the resignation of Prime Minister Benjamin Netanyahu, who faces a corruption trial and accusations of mishandling the coronavirus crisis.
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Assassinations Highlight Security Challenges for US-Backed Forces in Eastern SyriaBy Anti-Corruption Digest on Aug 31, 2020 09:51 am
WASHINGTON – Tensions are flaring in an eastern Syria province after the assassinations of several powerful Arab tribal leaders, with U.S.-backed forces accusing Islamic State (IS) sleeper cells and Syrian government proxies of carrying out such attacks to cause instability in the former IS stronghold.
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Lebanon probes procurement of ‘death ship’ RhosusBy Anti-Corruption Digest on Aug 31, 2020 09:49 am
BEIRUT – Lebanese investigators are understood to be probing why the MV Rhosus – a substandard vessel burdened with 2,750 metric tons of hazardous ammonium nitrate – was procured in 2013 to ferry heavy seismic survey machinery out of Beirut Port.
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Imee believes there is evidence that can tie Duque to PhilHealth corruption By Anti-Corruption Digest on Aug 31, 2020 09:43 am
Marcos said that contrary to Sen. Panfilo “Ping” Lacson’s belief there is no direct evidence that could link Duque to such irregularities, she said she believes there are plenty.
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U.S. says Herbalife to pay $123.1 million to resolve China bribery caseBy Anti-Corruption Digest on Aug 31, 2020 09:38 am
Herbalife Nutrition will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday.
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End of an Abe era for Japan By Anti-Corruption Digest on Aug 31, 2020 09:37 am
TOKYO/SEOUL – Japan’s longest-serving Prime Minister, Shinzo Abe, 65, announced his resignation on Friday.
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Demand for volume makes Southeast Asia susceptible to ad fraudBy Anti-Corruption Digest on Aug 31, 2020 09:36 am
Due to its high mobile penetration rate, improvements to connectivity quality, and expansion of e-payment methods vis-a-vis a booming Fintech industry, the Southeast Asia region is more susceptible to advertising fraud, compared to other regions. According to AppsFlyer, there are exceptionally high fraud rates in the finance vertical in Southeast Asia, with 4 out of 5 markets exceeding 50 percent.
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Fighting two pandemics hand in hand in Asia and the Pacific By Anti-Corruption Digest on Aug 31, 2020 09:34 am
Global hunger has been on a regrettable rise in recent years, and despite Asia’s economic clout, the continent – home to more than half of the world’s undernourished – has not been spared. Now COVID-19 is leading to a slowdown of regional economic growth and further threatening food security.
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What Does the Controversial Anti-Money Laundering Bill Tell Us About Pakistani Politics? By Anti-Corruption Digest on Aug 31, 2020 09:31 am
On August 26, Pakistan’s parliament rejected a major Anti-Money Laundering Bill linked to the Financial Action Task Force (FATF)’s requirements for the country.
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How Artificial Intelligence is Powering Asia’s Fraudtech Fight Against Financial Crime By Anti-Corruption Digest on Aug 31, 2020 09:29 am
Advances in technological fields including artificial intelligence (AI) and biometrics are providing new ways for financial institutions and startups to combat the surge in fraud and financial crime resulting from the rise of digital banking and fintech.
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How corruption in South Africa is deeply rooted in the country’s past and why that mattersBy Anti-Corruption Digest on Aug 31, 2020 09:23 am
When South Africans express shock at corruption, few seem to know that it is perhaps the country’s oldest tradition.
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15 arrested, including cops, for multi-million police car branding tender fraudBy Anti-Corruption Digest on Aug 31, 2020 09:19 am
Police have arrested 15 people, some of whom are former or serving cops, in connection with fraud, corruption, money laundering and theft.
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Credit Suisse reports ex-banker over Africa fraud By Anti-Corruption Digest on Aug 31, 2020 09:18 am
Credit Suisse said it had reported one of its former bankers to police after uncovering a fraud in the African arm of its wealth management unit earlier this year. The individual, who worked in the bank’s flagship International Wealth Management division in Zurich, was dismissed by the bank when the fraud was discovered in the first quarter.
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Where FATF Crypto Compliance Gets InterestingBy Anti-Corruption Digest on Aug 31, 2020 09:07 am
But crypto businesses seeing strong growth across the 54-country continent are working hard on know-your-customer (KYC) rules to meet the exacting standards set out by the Financial Action Task Force (FATF).
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Tesla employee reportedly turned down bribe to infect network By Anti-Corruption Digest on Aug 31, 2020 09:05 am
Strap yourselves in folks because this story could’ve been plucked from an episode of your favourite spy series.
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Today’s Inspirational Quote:

Today’s Inspirational Quote:

“Never give up, never look down and never look back. Always move forward in life. Don’t let anyone make you feel as if you don’t belong or unworthy of… ever. Those that do are just not strong enough to handle such greatness. Be proud of who you are. Always walk with your head high, you are never alone.”

— Author Unknown

Did you know

Did you know…

… that today is the birthday of Mary Wollenstone Shelley (1797)? Shelley was an English novelist and short story writer best known for her Gothic novel Frankenstein. She also edited and promoted the works of her husband, the Romantic poet and philosopher Percy Bysshe Shelley.

Seth Godin Newsletter

Date certain

One of the most expensive things a service business or freelancer can do is promise that work will be done by a certain day. Which is something we need to do, of course, but we should charge appropriately. “It’ll be done soon,” should be way cheaper than, “It’ll be done at exactly 11 am on Tuesday.”

And one of the most important things we can do to focus our energy and commitment is be prepared to promise a date certain. It sharpens everything.

Wisdom Quotes

Even if you’re on the right path, you’ll get nowhere if you stand still.

Even if you’re on the right track, you’ll get run over if you just sit there. (Will Rogers)

Wisdom is not only defined by what you know, but also be knowing what you don’t.
To know what you know and what you do not know, that is true knowledge. (Confucius)

Seth Godin Newsletter

Spreading like wildflowers

Often, people encounter ideas that are spreading like wildfire.

The problem with a wildfire is that not only is it out of control, but it leaves nothing but destruction in its wake.

Build an idea that spreads like wildflowers instead.




Part of speech: nounOrigin: Japanese, 12th century1

A Japanese school of Mahayana Buddhism emphasizing the value of meditation and intuition.Examples of Zen in a sentence”‘

I have lived with several Zen masters — all of them cats.’ ― Eckhart Tolle,

The Power of Now: A Guide to Spiritual Enlightenment”

“I admire the Zen philosophies and have tried to adapt those principles into my meditation practice.”